winstartoday69's Posts

Risk ratio in General Oct 10, 2024 at 12:20

Another way to look at it is just keeping your losses small while letting your winners run. If you have a solid risk-to-reward ratio—like 1:3 or even better—you can afford to lose a few trades without wrecking your account.I've had times where I took a bunch of small hits but then hit a big winner that covered those losses and more. So, it’s all about patience and not getting rattled when you hit a rough patch. Just remember, consistency beats perfection any day!

How do the banks affect the forex at news events? in General Oct 03, 2024 at 11:59

Yeah, when big players dump the euro, there are buyers, but not enough to handle the selling pressure. So price drops because demand can’t keep up. It’s all about supply and demand in the moment. Seen it plenty of times during news spikes! You ever trade during NFP? Feels the same.

Broker for NFP in General Oct 03, 2024 at 11:56

Yeah, when it comes to trading during NFP, slippage can be a real pain. You wanna look for brokers known for tight spreads and reliable execution, especially during major news events like this. Brokers like Pocket Option are often mentioned for their quick order execution, but it’s good to check user reviews and see how they handle slippage during high volatility.Also, some ECN brokers might give you better chances since they usually provide direct access to the interbank market. Just make sure to test them out during non-volatile times first.

Human Vs Robot closing of trades. in General Oct 01, 2024 at 18:02

Hey, welcome to the crazy world of trading! First tip: don't rush into it, man. Start with a demo account—seriously, it’ll save you from blowing up your cash while you learn the ropes. Stick with simple stuff first, like understanding price action or basic indicators (moving averages, RSI). Keep your trades small, and don’t chase the market or try to hit home runs on every trade.It’s all about patience and learning from mistakes. You’ll mess up, no doubt, but that’s part of the game. What kind of trading are you looking to get into—forex, stocks, c...

Cryptocurrency in Forex Trading. What are its ups and downs? in General Sep 27, 2024 at 14:11

Oh man, crypto in forex trading has its perks and downsides for sure. On the plus side, you’ve got crazy fast transactions and low fees, especially compared to traditional banks. No middlemen, no delays—it’s just smooth. Plus, with crypto's volatility, there’s potential for huge gains if you time it right.But, that volatility is also a double-edged sword—prices can swing wildly, so you can get burned just as fast. And while crypto's global, regulation's still sketchy depending on where you live, which can be risky. Lastly, converting back to fiat? Not ...

Human Vs Robot closing of trades. in General Sep 27, 2024 at 14:02

Automating those trade closures and trailing stops sounds solid, especially if the system’s dialed in right. Honestly, I’ve tried going fully automated, but I still like having some manual control in those high-volatility moments—just feels more adaptable.But yeah, if your system’s working for you consistently, that’s what matters. Not gonna lie, the idea of not staring at charts all day and still pulling in wins sounds pretty sweet too. Might give more automation a shot in calmer markets, see how it balances out long term.

Risk ratio in General Sep 26, 2024 at 10:47

For the risk ratio, it’s all about comparing how much you're willing to lose on a trade to how much you aim to gain. So if you’ve got a 1:2 risk ratio, you’re risking $1 to make $2. Personally, I usually keep it around 1:2 or 1:3. Sometimes, when I’m feeling extra confident, I might push it, but man, going beyond that can get real tricky, real fast. You ever try a crazy high risk ratio and then watched the market turn? Not fun!

Human Vs Robot closing of trades. in General Sep 26, 2024 at 10:43

I feel you on that. I do something similar. When the market’s moving fast and things are more unpredictable, I like to close trades manually too—helps me react quicker to sudden shifts. But when it's more stable, I let the bots handle it. They’re great for catching those small, steady profits without needing to stare at the charts all day. It’s all about balance, right?

Trading Psychology in General Sep 25, 2024 at 16:57

Staying disciplined during market swings is tough, no doubt. For me, it’s all about sticking to the plan—like having clear entry and exit points set before emotions kick in. When the market’s all over the place, I just remind myself that panicking won’t help. I’ve learned to walk away if I feel like I’m about to make an impulsive move.Psychology? Man, that’s half the battle. If your head’s not in the right space, even a good strategy can fail. Controlling fear and greed is key. I used to chase every spike, but now I know it’s about playing ...

Transaction distance in General Sep 25, 2024 at 16:54

Totally feel this! Trading isn’t just about skills—it’s about managing your emotions and funds. I’ve learned the hard way that you can have the best strategy in the world, but if your mindset isn’t solid, you’ll still make dumb decisions. It took me time to really get that balance between emotions and risk management. Sometimes, the market humbles you, and it’s those lessons that stick. How do you personally deal with the mental game when a trade goes sideways?

Trading experience in General Sep 24, 2024 at 08:49

Totally agree with this! Having a solid trading system and sticking to it is key. I’ve definitely been in situations where I let emotions take over—like holding onto a losing trade too long or jumping in without a proper plan. But once I started following a system with strict rules, things got a lot smoother. It’s all about discipline and not letting fear or greed control your decisions. A good system gives you that mental edge, helping you stay calm during losses and not get overly confident during wins.

What is swing trading? in General Sep 24, 2024 at 08:44

Exactly! Swing trading is all about taking advantage of those price "swings" over a few days or weeks, which can give you more flexibility compared to day trading. Personally, I’ve found that using a combination of support and resistance levels with indicators like the MACD and RSI can really help in pinpointing those entry and exit points. Plus, since you’re holding trades a bit longer, it’s less stressful than watching the charts all day. But, as always, it’s important to have a solid risk management plan in place to protect against sudden market moves.

Forex is not like gambling in General Sep 23, 2024 at 14:54

Completely agree! Trading is far from gambling if you treat it the right way. It’s all about analyzing the markets, managing risks, and making calculated decisions. I’ve seen traders who jump in without a plan and treat it like a bet—they usually don’t last long. For me, it’s more like running a business: I follow my strategy, manage my capital wisely, and always learn from my trades. Sure, there’s always some risk, but when you approach it with discipline and a clear plan, it’s far from a gamble.

How to become emotionless in forex? in General Sep 23, 2024 at 14:50

Totally agree that staying emotionless in trading is key, but it’s easier said than done, right? Personally, having a strict trading plan has saved me from a lot of emotional mistakes. I remember early on, I’d make impulsive trades when I saw big swings, and it rarely ended well. Now, I stick to my rules, set my stop-losses, and try not to get too attached to any single trade. Meditation’s actually helped too—it keeps me focused and less reactive. It’s all about finding that balance between discipline and mental clarity.

AI Forex Trading in General Sep 20, 2024 at 05:49

AI in trading definitely has huge potential. It can process tons of data way faster than any human and make decisions based on that, which is great for risk management. But I think it’s important to remember that AI isn't foolproof—it’s still influenced by market conditions and needs a good strategy behind it. Speaking of which, I noticed Pocket Option just launched AI-based trading recently. Could be worth checking out if you’re curious about how AI can actually work in the field.

Is consistency of a little profit not better off inconsistency of huge profit in General Sep 20, 2024 at 05:46

Totally with you on that! I’ve always been about steady, consistent gains rather than chasing those one-time big wins with high risk. Slow and steady keeps the capital safe and growing over time. Would be great to connect with others who value the same approach. Let’s share some strategies and keep things sustainable!

Macro Analysis in General Sep 18, 2024 at 08:17

The bond market dynamics and central bank policies certainly have a significant impact on market sentiment. With the current challenges in the bond market and the potential for economic shifts, how do you think this will affect investment strategies moving forward? Are you adjusting your approach in response to these developments, particularly regarding commodities and non-U.S. currencies?

Should you place a stop loss in trading? in General Sep 18, 2024 at 08:13

I get where you're coming from. It can be frustrating when the market hits your stop loss and then moves in the direction you anticipated. But remember, stop losses are there to protect you from big losses. Without them, you risk significant drawdowns if the market moves against you. It's a balancing act: finding the right level for your stop loss and managing it to minimize friction. Trust me, sticking to a stop loss can save you from substantial losses in the long run.

Copy trading in General Sep 17, 2024 at 09:22

Got it, that makes sense. Sounds like the PAMM setup solves the lot size issue pretty well, especially with the equity-based challenge you're facing in copy trading. It’s definitely easier to keep things balanced without worrying about overleveraging. Do you think you'd ever tweak the EA to work better with copy trading, or are you sticking to PAMM for the long haul?

Trading as a master trader in General Sep 17, 2024 at 09:14

I'd say risking 20% per trade sounds a bit high, man. That can wipe out your account pretty fast if things go south. I used to do something similar when I started, but over time I realized that keeping the risk lower per trade—like 1-2%—keeps me in the game longer, especially during bad streaks. If you’re scalping, maybe focus on refining entry points or reducing the size per trade to balance the risk/reward ratio better. You ever think about adjusting that, or does the higher risk work for you consistently?

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Posts by winstartoday69